Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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The chart looks interesting
Target is located at the ''B'' point around $11.000
Good luck to everyone trading Bitcoin!
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This pattern happens to be clustering with a 0.618 retracement. Not only that, but this chart shows that the last time prices traded at this level we see a small reaction working as resistance which can be spotted on the chart as the prices drop. The market is currently trading at these levels again only now with the RSI reading close to oversold. We may expect resistance to turn into support with all these signals coming in at the same price area. This is a 30 minute chart:
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0.382 retracement hit. Is this it, or will we get to see another rally? Who knows
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Im starting to think its all over for these bulls... We have the 0.618 triangle on the daily charts. I just spotted another 0.786 triangle on the 4 hour charts, and then we have this, which has already hit a profit target... Still, 1.618 price extension in 0.382 time? Must be some serious bears. Chart incoming
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Killed this....
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Hold on to your hats folks, we got to see the 0.618 retracement.